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The market always clears, but while that's good for the market, it's not necessarily good for the participants. For example, if women don't apply for jobs unle
by ken 9y ago
The market always clears, but while that's good for the market, it's not necessarily good for the participants.
For example, if women don't apply for jobs unless they meet 100% of the listed requirements [1], and men are much more willing to fudge it, that means this particular market won't clear in a fair manner. This hiring data isn't public, so a company won't lose sales over it, so the market can't correct it on the other end, either.
And that's probably not the only way to slice the set of job-seekers into people who will/won't apply for a job based on the requirements. Essentially, impossible-sounding criteria do filter your set of applicants, but not by the criteria you claim to care about.
[1]: https://hbr.org/2014/08/why-women-dont-apply-for-jobs-unless-theyre-100-qualified https://hbr.org/2014/08/why-women-dont-apply-for-jobs-unless...